kylie9114 kylie9114

24-06-2021
Mathematics

contestada

$500 is placed in a savings account with an annual interest
rate of 2.5%. The amount of the investment in 5 years if
compounding occurs monthly is:

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Аноним Аноним

24-06-2021

Answer:

$566.50

Step-by-step explanation:

a = 500(1 + .025/12)^(5 * 12)

a = 566.50

$566.50

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